Cases & Deals

TimkenSteel obtains $300 million credit facility

Client(s) TimkenSteel Corporation

Jones Day represented TimkenSteel Corporation, a manufacturer of alloy steel, and carbon and micro-alloy steel products, in connection with its $300 million senior secured revolving credit facility. The credit facility consisted of a $50 million sublimit for multicurrency loans, a $50 million sublimit for letters of credit, and a $30 million sublimit for swing line loans, with the option to increase the size of the facility up to an additional $150 million of term loans.